Sentences with phrase «prices of oil because»

Phillips 66 is widely known as a refiner, and refiners benefit from lower prices of oil because they have to pay less for each barrel of crude oil to perfect (and can thus capture higher margins by doing so).

While Saudi Arabia remains a significant unknown factor in the near term pricing of oil because of its ability to substantially increase or decrease production, longer term factors, in our judgment, remain very favorable.

Not exact matches

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

The recession of 1973 - 1975 in the U.S. came about because of rocketing gas prices caused by OPEC's raising oil prices as well as embargoing oil exports to the U.S..

When the carrier's 2015 volumes fell because of external forces, such as collapsing oil prices, Reckmeyer saw an opportunity.

Say I'm running Esso right now, and I need to raise my price by 5 cents because the cost of crude oil went up.

The sector is further along the cyclical timeline than oil, because its own price fall happened five years ago instead of two.

It is a tough problem, because the twin forces of automation and globalization are only escalating and the industrial capacity killed off by the petroloonie is not coming back, even with the recent fall in oil prices.

If the Fed is indeed putting off raising short - term interest rates — perhaps because of an economic slowdown overseas, economic turmoil in Russia, or because of lower oil prices — then that's potentially good news for the stock market.

In fact, in the 10 years previous to the January 2011 cut - off of the graph, Canadian light oil sold (in Edmonton) at a $ 2 per barrel premium to the average cost of U.S. Saudi Light oil imports because of our access to premium - priced markets in the mid-continent.

«Don't just take a punt on the oil price, because the path of recovery is going to have its ups and downs.»

The ramifications of the dollar - denominated oil trade are immense: Because oil is priced in dollars, there is huge demand for dollars, lending the U.S. economic and strategic power.

Industrial goods manufactuer Precision Castparts saw its stock tank this year because of low oil prices, Fortune's Geoff Colvin reported.

And as the Bank of Canada noted in its policy statement, prices are higher in part because of supply disruptions, including the Alberta oil sands.

But he said the company delayed because of the «oil crash,» when falling oil prices caused the stock markets to briefly tumble.

For most of oil's history, someone has tried to regulate supply to stabilize the price because neither industry nor governments enjoy volatility in a commodity that is the lifeblood of modern civilization.

All are struggling due to low oil prices — some directly because of lower revenues, and others because of deflationary pressure.

Thanks to a slowdown in China and other emerging markets, but also because of a sluggish U.S. economy and political risks in the Middle East, Madani thinks oil prices could fall to $ 75 a barrel next year.

Despite the gusher of U.S. shale oil production, Grantham believes that prices are likely to reset higher again — to a baseline above $ 100 — because, outside of shale, finding new oil is getting harder.

Crude - by - rail shipments are expected to ramp up in the second half of this year and into the first half of next year to «very material volumes of oil,» Pourbaix said, adding price discounts will improve but will likely remain higher than usual because rail costs more than pipeline transport.

Notley and Bilous have said the Trans Mountain expansion is critical because Alberta's crude oil sells at a sharp discount on the North American market due to pipeline bottlenecks and to a lack of access to a better price on overseas markets.

This year's Fortune 500 generated a total of $ 944.5 billion in earnings, which are down 12.6 % from last year's record of $ 1.08 trillion, in large part because tumbling oil prices took a toll on the majority of the companies on the list.

Canada still is coping with «material excess capacity» because of the collapse of oil prices.

Omar said Malaysia was suffering particularly because it was an emerging market at a time of capital outflows, it was a net exporter of oil and gas at a time of a significant drop in prices, and it was perceived to be badly affected by the Chinese slowdown as China was its largest trading partner.

Canada has posted some of its weakest economic growth outside of a recession over the past couple of years in part because business investment sunk along with the price of oil.

That is because U.S. shale companies have been somewhat protected from the full vagaries of oil price swings up until now.

Earlier, it lowered its 2014 capital budget by $ 1 billion and delayed projects because of the falling oil prices.

The facts are not right here, energy is cheap that means the cost of manufacturing and transporting of goods is low, food and consumers staples already more affordable, so what if a few American oil companies going out of business.the cost of producing oil in middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big oil companies and oil producing nations became richer and the rest of us left behind, with the oil price this low the oil giants don't want to reduce the price at pump even a penny, because they are so greedy.worst case scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms of the stock market it always bounces back, after all it's just a casino like game.

Because of the drama in Saudi Arabia and further extended production cuts planned by the Organization of Petroleum Exporting Countries (OPEC), Morgan Stanley just raised its forecast for the price of oil, estimating WTI to average $ 58 a barrel in the second quarter of 2018.

Expensive oil made sense only because of the longest period ever of high oil prices in real dollars from late 2010 until mid-2014.

GDP grew by 0.55 percent in the second quarter of the year, which, although a meager growth rate, was welcomed because it signaled Nigeria's exit from the recession that it plunged into due to the oil price crash.

Because I don't see the capital markets continuing to fund non-conventional oil drilling when the ever present risk of prolonged low prices, or worse another step down I therefore see the balancing of the market occurring sooner then you suggest.

«Because of your ingenuity, we're seeing industry growth today despite the price of oil.»

I ask this because some credible folks (well, Goldman Sachs is among them, but still...) have indicated that as much as 30 % of the run - up in oil prices is due to speculation on the futures markets.

High oil prices in 2007 and 2008 were due to a large and persistent production supply deficit because of high demand from China and the Far East, and dwindling supplies following the peak of conventional oil production in 2005 (Figures 15 and 17).

The oil price collapse of the 1980s was similar to the present price collapse because the primary cause was a new source of supply.

Oil prices are higher, in part because of short - term supply disruptions.

Ben Luckock is in fact so bullish that he forecast demand could exceed supply of crude oil by 2 - 4 million bpd by the end of 2019 because of the US$ 1 - trillion in spending plans that never saw the light of day as a result of the 2014 price crash.

Numbers may decrease over the next few years though, particularly in Alberta as energy firms continue to lay off staff because of the 2014 oil price decline.

«I think no deal is probably better for the longer - term because it continues this process of rebalancing and there is no rebalancing without pressure and pressure comes through lower oil prices, through tighter credit and we're seeing all of that playing out nicely,» he said.

But if this article was meant to convey an opinion (i.e. «We shouldn't export oil because higher pump prices are an unstoppable evil») then you might as well argue that we shouldn't export ANY goods because that causes the price of those good to go up at home.

According to Oliver's statement the government has an «unwavering commitment to balance the budget», but right now, because of lower oil prices, no one believes that Oliver can do it without some «voo doo» budget magic.

Gardner Denver, for example, is likely to be sensitive to oil prices because many of its customers are in the energy sector.

But that can be risky: because the vast majority of oil transactions are financial, rather than between producers and users, prices tend to be more volatile than the underlying fundamentals.

Even the Bank of Canada says the Canadian economy can no longer grow as fast as it used to because of the collapse in oil prices.

Gas prices in New Mexico are typically lower than the national price because New Mexico has its own source of oil.

As Nobel economist (and one of my dissertation advisors at Stanford) Joe Stiglitz noted on Friday, a good part of the reason for rising oil prices is because the producers are already awash in U.S. assets, and to supply significantly more oil will just force them to accumulate more low - return assets.

Texans enjoy cheaper gas prices because of their state's oil production.

Biofuels don't help, but biofuels are the result of high oil prices, which are the result of poor incentives to bring oil up (both because of low yielding U.S. assets and political resentment over U.S. foreign policy).

The deal will boost Aramco's downstream business ahead of a planned initial public offering next year and also bolsters Malaysia's state - controlled Petroliam Nasional Bhd - known as Petronas - after it cut spending because of the slump in oil prices.